Today's Economy Economic Roundup: Job Openings Edge Higher to a New Record Trade and the difficulty filling open positions are challenges for U.S. nonmanufacturing. Europe Daily Briefing: Don't Fret Over Euro Zone Retail There should be a strong rebound in the three months to June, despite the weak start to the quarter. Asia-Pacific Daily Briefing: Australia's Central Bank Sitting Pretty Don't expect interest rate hikes until early 2019. Equity Rally Reinforces Narrowing of Corporate Bond Yield Spreads Bond markets outside the U.S. limit upside for Treasury yields. » VIEW MORE TODAY'S ECONOMY
Commentary U.S. and EU Collide on Trade In the worst scenario, both sides could announce further restrictions. The Unbreakable Marriage of Financial Markets and the Economy Some emerging markets have been hit hard by outflows, but it has not become a systemic event. Canada Outlook: The Good, the Bad and the Risky Positives for the economy still outweigh the negatives, but downside risks are escalating. U.S. Weekly Highlights and Preview, June 1, 2018 We'll get a look at the nonmanufacturing segment of the economy, which accounts for 88% of GDP. » VIEW MORE COMMENTARY
Today's Economic Indicators
Malaysia Foreign Trade Apr. 2018: MYR13.0 bil Malaysia's trade surplus marginally narrowed to MYR13 billion in April, following the MYR14.7 billion recorded in March. Annual export and import growth each recorded decent accelerations, with export growth returning to double digits after a two-month hiatus. United States CoreLogic Home Price Index Apr. 2018: 6.9% The CoreLogic Home Price Index rose 6.9% year over year in April and 1.2% over the previous month. Taiwan (Province of China) Consumer Price Index May. 2018: 1.6% Headline consumer prices surprised on the downside in May, rising 1.6% y/y after a 2% gain in the prior month. Euro Zone Retail Sales Apr. 2018: 0.1% Retail sales in the euro zone rose by only 0.1% m/m in April, 0.4 percentage point below the consensus, but at least some good news came from the fact that March’s increase was revised up to 0.4%, from 0.1% previously. Brazil Industrial Production Apr. 2018: 4.5% Brazil’s industry continued to advance in April, strengthening the economy’s recovery. Chile Monthly Economic Activity Indicator Apr. 2018: 5.9% Chile’s economic activity continued to post strong growth in April as production recovered to more normal levels. Russian Federation Consumer Price Index May. 2018: 0.4% Russian inflation remained at a 0.4% month-over-month pace in May, as reported by Rosstat’s consumer price index. United States Moody’s Analytics Policy Uncertainty Index June 01: 119.2 U.S. economic policy uncertainty is easing but remains elevated. United States Job Openings and Labor Turnover Survey Apr. 2018: 4.3% openings rate Consistent with other indicators, the Job Openings and Labor Turnover Survey data confirm the strength of the labor market. United States ISM Nonmanufacturing Index May. 2018: 58.6 It's increasingly difficult to find a part of the U.S. economy not doing well. Uruguay Consumer Price Index May. 2018: 7.2% Consumer price growth accelerated in May, with annual inflation clocking in at 7.2% compared with 6.5% last month. Colombia Consumer Price Index May. 2018: Australia GDP 2018Q1: » VIEW MORE ECONOMIC INDICATORS |